As stated in the previous article last week, if the resistance level $4200+ is not broken then we would hit the price around $3500 range.Hence it tested the $3478 price level after a drop of 15% this week.
Bullish Case:
It needs to hold the $3400-$3500 support level and break the $4200 level in the coming days to confirm bullish momentum otherwise we might see...
A new CME gap has formed around $67,630. Currently, there are two nearby gaps at $67,630 and $63,550.
It's worth noting that approximately 90% of CME gaps tend to be filled sooner or later, whether it's within a week or a month. Keep this in mind.
Regarding BTC, I anticipate it will touch the upper trendline of this symmetrical triangle or even surpass it, but...
Bitcoin Technical Analysis update
Bitcoin is forming a triangle pattern on the 4h chart. Currently, the price is trading within the triangle just above the 200EMA. We can expect sideways movement around the 65.5k level before a potential breakout. If the price fails to hold above the 200EMA, it could test support at the triangle's bottom line around 63k.
Regards
Hexa
As from past few months coin has been consolidated very strongly between 0.005 to 0.01 $ and gann fan has crossed 1/1 means coins is ready to fly in comming days my target of 50% spot will be sold @ 0.08 and rest upto end of the bull run
As btc is in clear uptrend and it did a break of structure that i have marked BOS on chart.And as bos done there is a demand zone which is our poi. There are three liquidity zones that i have marked onto the chart as well. And trendline liquidity is also marked. Perfect entry and exit zones are given on the chart.
What is your idea?
Bitcoin has been consolidating for a long period .
Now trying to play monday range with some sort of Confluences. Let's see how market reacts.
Don't forget risk management above anything
BTC is starting to go bearish from very first week of ne.X.t month or anytime soon.
Don't Panic II It's just the R.ecession 2022.
Hope you clear all your positions & be .P.atient.
Once we break $10K, #BTC is confirmed to stay bearish for 10-15 Years even after the recession ends.
I'll not recommend to buy #BTC at dips not even at $1000
Even if #BTC goes up...
$BTC $20,812 broke and tested $21,299 like i said and $21,299 resisted as expected. Currently moving towards $20,338 support. Last 4H looking good, 1D close looks neutral. Today's daily close will determine what to expect tomorrow. Weekly close coming👀
Have Blessed Weekend♥️
$BTC Testing $19,003 support as i told you yesterday. $19,535 area resisting as usual. If breaks current support $18,529 support will come in effect as yesterday's 1D close was bearish pin bar. Continue watching given support and resistance area.
#BTC INTRADAY UPDATE
VOLATILITY EXPECTED: LOW
EXPECTED SCENARIO:
Today $BTC will consolidate and take Support at S1(42200$).
BULL CASE:
Only if we cross INTRADAY FLIP (44200$), R1(45000$) will be tested.
BEAR CASE:
Expecting BTC to take support at S1(42200$) today.
NOTE:
On higher Timeframe BTC can go as low as 39K- 40K before moving up again.
Bitcoin has been dumping since a few weeks now but the dump is not over yet. I'm expecting btc to bottom at 49.7-49.2k range. This can happen today, or within the next 7-10 days. Do not open any longs. Market is good for shorting. Dump is inevitable.
Note: This is not financial advice. Your money - your loss.
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